I just love it. Getting a monthly dividend cheque. A number of companies pay quarterly or annual dividends. There are some companies that pay a monthly dividends. Rarer still is a company that has paid dividends for over 20 years every month.
Realty income - NYSE - O - is one such company. The company says it has paid "452 consecutive monthly dividends,42 consecutive quarterly increases, and 48 dividend increases "since 1994 .The comapny also says " As The Monthly Dividend Company ® their primary goal is to provide dependable monthly income to shareholders. They do this by acquiring and owning retail real estate that generates dependable lease revenue that they pass on to the shareholders in the form of monthly dividends.They own 2270 properties located in 49 states. This provides diversification.
I know lease, property and rentals etc is a dirty word and you will take off at the mention based on what is happening in the economy. But this company has been around for a while.
It is structured as a REIT, so it does not pay taxes as long as it distributes 90% of its income.
Take a look at the company website and decide for yourself. It trades at around $25 and has yeild of 6.4% - not bad at all.
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